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Search Results 0 to 21 of about 22 (some duplicates have been removed)
on the table. have real entitlement reform. on taxes it's as bill clinton said. it's simple math. spending is at 24% of gdp. taxes are at about 15% of gdp right now. even the most conservative member of congress only proposes to bring spending down to say 20% or even 19% of gdp. you still have a 4% to 5% gap. that represents hundreds of billions of dollars that has to be made up. even if you assume growth could get back to 3%, that won't make up the gap. so taxes have to be on the table. there's no way to get around that if you want to actually deal with the fiscal crisis that we have. and what is most heartening to me is to learn today that the president is willing to take this show on the road, to go out into the states and make the case and actually reinforce that mandate he has and make republicans realize that those that want to work with him will be rewarded as people who are trying to solve people, those that want to obstruct will pay a political praice that they will feel at election time. >> his opening act has got to be rick ross. these haters are not going to hold me back. some
term and bill clinton's was marred by his own personal issues. second trerms difficult. w. had a dficult time. one of the things i think they underestimate at the white house and the treasury is the idea of doing tax reform. when you both were probably in preschool, i was covering the '85, '86, tax reform act, and to call it heavy lifting is an understatement. it took a savvy, smart treasury secretary, jim baker, working with capitol hill and a supportive president, and democrats and republicans. i don't see any of those ingredients today to do tax reform in 2013, 2014. >> especially ifhe esident going to have a new treasury secretary. itim geithner, this has sort of been his-- tim geithner wanted to be behind tax reform, wanted to be the force behind corporate tax reform. that might speak to tim geithner staying on a little long fer they think they can get something done in the first six months. >> why is anything different now? why is anything different in the second term? >> good point. >> i'll turn the hosting to you. >> martha, i think they probably have leverage in the sh
representation of president bill clinton and jack abramoff, also john edwards. we also know the kelley family has hired judy smith. that's a crisis manager, that has previously worked with monica lewinsky. so if that gives you an idea of who the kelley family now has representing them, it could say a lot about what may be contained in those 20,000 to 30,000 documents. >> so, i should mention. it's 20,000 to 30,000 pages of documents, which is still a lot. but i think that's a critical detail to clarify. and when you talked about judy smith, of course, judy smith, the tv show "scandal" is based on what she does. she's a crisis manager. so they've hired now, the real-life judy smith to help -- >> one of the top in the business. >> that's amazing. jason ranning with our affiliate bay nine news outside the kelley home in tampa, florida. thank you, jason. we appreciate the update. >>> ahead this morning we'll talk to a man whose political career was brought down by a sex scandal of his own. former new jersey governor jim mcgreevey will chat with us. [ female announcer ] today, jason is here to volunte
few jobs left out there for $22 an hour. i have a suggestion. bill clinton and david stockton agree on a solution for the entitlement program. they said to do away with the payroll tax and fund the medicare and pension system with a national sales tax, would eliminate the advantage that europe and the other nations have over us because they don't charge that on the exports. guest: many economists agree with your last point. the payroll tax cut is regressive and is a disincentive to save. many economists would agree with your point. bill clinton and david stockton can agree on something. they are more sensible than some in the political arena today. the point about dependency on public assistance -- i have not looked at this recently. i received permission to engage welfare reform. we meet the whole process much more work related. you have to participate in job- training. when a job came open, you had to take it. welfare rolls move down substantially. i think that is how the process should work. there should be a temporary way station, back to being a taxpayer once again. that is my
% to 39.6%, which it was during the bill clinton administration. will the democrats -- and you know the democrats in the house and the senate and the president go along with these serious cuts in spending in entitlements, for example, medicare, social security, medicaid, all those spending cuts that the democrats usually hate. >> first of all, i want to tell my friend, dana, i believe the democrats have a mandate. we don't have to sit around for the next two years and listen to the republicans whine and complain about tax cuts going up. president obama extended the bush tax cuts for two years. he's put forward a grand bargain. republicans reject that had. the democrats defeated 16 republican incumbents last week. i think the house democrats will be in a position to work with mr. boehner to try to get the votes. mr. boehner has never been able to deliver the votes without ms. pelosi and the democrats delivering those votes. i think the democratic position is to come up with a fair and balanced proposal to not raise taxes on the middle class and to not sit back and listen to the repub
. that is pretty evil. >> i don't think that happened under reagan or under bill clinton. marginal tax rate increase that democrats are looking for will do nothing more than help support the majority of middle class americans that not only support increases on, increase in tax rates on people who are earning over $250,000 but also support not cutting things like social security and medicare and medicaid. and so i think the democrats come in not feeling very, very, rather feeling very strong around this idea that they can create the right compromise and right balance to move this country forward. rick: terry, bill kristol, the prominent conservative, spent last couple days on this network talking about how republicans may want to go along with the president's plan to raise tax rates on those earners above 250,000. take a listen. i'll get your response. this is last night an "special report". >> the first takes rates expire on december 31st. rates are going up for everyone if nothing happens. if you think republicans can win a showdown preserving all the current tax rates against a president
, hillary clinton has confirmed she's going to leave. as bill plante reports, republicans already are objecting to her potential replacement. bill, good morning. >> reporter: good morning, norah. that's exactly right. cbs news has learned that the president is likely to nominate susan rice, the u.s. ambassador to the united nations, to replace hillary clinton as secretary of state. white house sources say the president feels that he should be able to choose the cabinet members he wants, and they say that rice has done a good job on iran and north korea. but rice was the public face of the administration's initial response to the attacks in benghazi, libya, saying that they were prompted by spontaneous protests, not terrorism, and she's come under fire from republicans. when asked about the possibility of rice as secretary of state, senator lindsey graham had this to say on "face the nation." >> i'm not entertaining promoting anybody that i think was involved with the benghazi debacle. we need to get to the bottom of it. the president has a lot of leeway with me and others when it
together a new cabinet for his second term, including a new cia director. so far only hillary clinton has confirmed she is going to leave. already republicans are objecting to her potential replacement. bill plante, good morning. >> reporter: good morning. and good morning in the west. cbs news has learned that the president will likely insist on nominating susan rice to replace hillary clinton as secretary of state. white house sources say the president feels that he should be able to choose the cabinet members he wants and they say that rice has done a good job on iran and north korea. but rice was the public face of the administration's initial response to the attacks in benghazi, libya, saying that they were prompted by spontaneous protest, not terrorism, and she has come under fire from republicans. when asked about the possibility of rice as secretary of state, senator linds graham had this to say on "face the nation." >> i'm not entertaining promoting anybody that i think was involved with the benghazi d debacle. we need to get to the bottom of t the president
Search Results 0 to 21 of about 22 (some duplicates have been removed)